CVR Energy Inc. (NYSE:CVI) fell 5% during mid-day trading on Tuesday . The stock traded as low as $15.28 and last traded at $15.30, with a volume of 480,280 shares. The stock had previously closed at $16.10.

Several research firms recently issued reports on CVI. Piper Jaffray Cos. decreased their target price on shares of CVR Energy from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, September 16th. Goldman Sachs Group Inc. raised shares of CVR Energy from a “sell” rating to a “neutral” rating and raised their target price for the stock from $13.00 to $15.00 in a research report on Thursday, September 8th.

The company’s 50-day moving average is $14.39 and its 200-day moving average is $18.97. The firm has a market cap of $1.30 billion, a PE ratio of 52.63 and a beta of 1.92.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.06 by $0.27. CVR Energy had a net margin of 0.54% and a return on equity of 5.84%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business earned $1.17 earnings per share. CVR Energy’s revenue for the quarter was down 21.0% compared to the same quarter last year. Equities research analysts expect that CVR Energy Inc. will post $0.39 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CVI. BlackRock Advisors LLC increased its stake in CVR Energy by 1.3% in the second quarter. BlackRock Advisors LLC now owns 7,783 shares of the company’s stock valued at $121,000 after buying an additional 99 shares during the last quarter. Lucus Advisors LLC increased its stake in CVR Energy by 8.5% in the second quarter. Lucus Advisors LLC now owns 21,727 shares of the company’s stock valued at $337,000 after buying an additional 1,710 shares during the last quarter. Allen Investment Management LLC increased its stake in CVR Energy by 10.8% in the first quarter. Allen Investment Management LLC now owns 24,887 shares of the company’s stock valued at $650,000 after buying an additional 2,433 shares during the last quarter. Princeton Alpha Management LP increased its stake in CVR Energy by 31.3% in the second quarter. Princeton Alpha Management LP now owns 10,519 shares of the company’s stock valued at $163,000 after buying an additional 2,507 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in CVR Energy by 2.7% in the first quarter. Geode Capital Management LLC now owns 121,279 shares of the company’s stock valued at $3,164,000 after buying an additional 3,213 shares during the last quarter.

CVR Energy Company Profile

CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

5 Day Chart for NYSE:CVI

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